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Why 2U Is Getting Cut in Half Today

TheMotleyFool

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Shares of 2U (NASDAQ: TWOU) plummeted 45% in morning trading Thursday after the education technology specialist reported solid fourth-quarter earnings, but offered up very weak guidance for the coming year.

2U lost more than $8 per share at 11:17 am ET, after CFO Paul Lalljie said guidance for the provider of online degree programs to colleges and universities offered "a disciplined growth strategy and continued progress toward profitability."

Losses of $0.20 per share beat Wall Street's expectations of a $0.25 per share losses, but it was much wider than the $0.06 per share losses incurred last year.

Source Fool.com

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